California Lithuanian Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237017130 ✦ Santa monica, CA ✦ Designated as a 501(c)(14)

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Overview

What is California Lithuanian Credit Union?

California Lithuanian Credit Union is a financial institution situated in Santa Monica, California. They specialize in offering financial services and loans to their member base. As a credit union, they operate with the primary mission of providing financial assistance to their community. The credit union's activities revolve around lending and financial services, catering to the needs of its members.

Is California Lithuanian Credit Union legitimate?

California Lithuanian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. California Lithuanian Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $674,220

For more financial information, click here

What is the mission statement of California Lithuanian Credit Union?

California Lithuanian Credit Union's primary mission is to offer financial services and loans to its members. Operating as a credit union, it provides these benefits through various programs. As a financial institution, its mission is to support its members financially. The credit union aims to provide its services in an effective and efficient manner, enhancing the financial well-being of its members. It does not disclose further details about its mission, such as specific goals or objectives. However, based on its activities, it can be inferred that the credit union is committed to serving its members' financial needs.

Who is the CEO of California Lithuanian Credit Union?

Dainius Vaidila is the Director of California Lithuanian Credit Union. The CEO's salary of California Lithuanian Credit Union is $0 and their total compensation is $0.

What is the revenue of California Lithuanian Credit Union?

California Lithuanian Credit Union's revenue in 2022 was $4,675,472.

Who are the executives of California Lithuanian Credit Union and what are their salaries?

The average compensation at California Lithuanian Credit Union during 2022 was $112,370. There are 6 employees and 10 volunteers at California Lithuanian Credit Union.


Here are 6 key members and their salaries (California Lithuanian Credit Union's CEO's salary is $0 and their total compensation is $0):


Dalia Cricius (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andres Guiga (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Baipsys (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dainius Vaidila (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marius Markevicius (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daiva Cecanauskas (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for California Lithuanian Credit Union?

California Lithuanian Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of California Lithuanian Credit Union

California Lithuanian Credit Union, as a financial institution, is dedicated to providing its members with essential financial services and loans. Its mission is to offer credit union programs that cater to the financial needs of its members. This nonprofit organization operates with the goal of providing its members with various financial solutions, thereby contributing to their financial well-being. By offering loans and financial services, California Lithuanian Credit Union plays a crucial role in supporting its members' financial goals.

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Impact




October, 2024

California Lithuanian Credit Union plays a vital role in supporting its community by providing essential financial services and loans to its members. Located in Santa Monica, CA, this financial institution focuses on delivering tailored programs that address the unique needs of its members. By offering competitive loan options and financial products, the credit union empowers individuals and families, enabling them to achieve their financial goals and improve their economic stability. The credit union fosters a sense of community and belonging, particularly among those with Lithuanian heritage, thereby enhancing social cohesion while also promoting financial literacy and responsible money management within the community.




This information is meant to be a general summary of California Lithuanian Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,675,472 (2022)
Expenses
$2,323,656 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,135,102
  • Program Service Revenue: $3,540,370
  • Gross Receipts: $4,675,472

Assets and Liabilities:

  • Total Assets: $153,278,352
  • Total Liabilities: $126,719,864
  • Net Assets: $26,558,488

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOANS

Revenue

$3,503,294

OTHER INCOME

Revenue

$37,076

Organization Details

Founding Year

1968

Principal Officer

Dainius Vaidila

Main Address

2806 SANTA MONICA BLVD, SANTA MONICA, CA, 90404

NTEE Category

Code: W60 - Public benefit

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